ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for a worse-than-expected drop in gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown inflicted more…
Neda chief Chua: ECQ impact on economy ‘more severe than expected’
The Philippines is bracing for an even worse-than-expected drop in the gross domestic product (GDP) in the second quarter as the country’s chief economist on Friday said the COVID-19 lockdown…
Asian stocks sink after Wall St losses on economy worries
BEIJING — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries. A man…
Most of Wall Street wilts amid worries on virus, economy
NEW YORK — Most of Wall Street wilted Thursday on worries that the economy’s recent improvements may be set to fade as coronavirus cases keep climbing. Workers wearing masks walk…
Duterte: a ‘gamble’ to rush reopening of economy
President Duterte on Tuesday said the reopening of the Philippine economy should be done gradually and warned that rushing it could lead to more coronavirus infections than the country could…
PH economy awash with cash, but lockdown crimped May loan growth, says BSP
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh…
BSP vows gradual unwinding of relief measures in post-pandemic PH economy
MANILA, Philippines – The central bank’s generous support measures to buttress the Philippine economy and stabilize the financial system during the ongoing coronavirus pandemic will stay for as long as…
South Africa’s economy to see worst performance in 90 years
FILE — In this May 20, 2020 file photo, people affected by the coronavirus economic downturn line up to receive food parcels in Pretoria, South Africa, South Africa’s economy is…
IMF projects ‘deeper recession’ for world economy
The logo of the International Monetary Fund (IMF) is seen during a news conference in Santiago, Chile, July 23, 2019. Agencies via China Daily/Asia News Network WASHINGTON — The International…
IMF sees PH economy shrinking 3.6% in 2020
MANILA, Philippines — The International Monetary Fund (IMF) has further downgraded its economic outlook for the Philippines, projecting gross domestic product (GDP) to shrink by 3.6 percent this year. The…